Bitcoin’s price stalled at $117,000 as Ethereum surged to $4,900 after dovish comments from Federal Reserve Chair Powell. Altcoins like XRP, SOL, and ADA saw double-digit gains. Weak institutional demand hindered Bitcoin’s performance. ETF flows favored Ethereum over Bitcoin. Derivative data suggests Bitcoin may struggle to break $120,000 resistance without fresh inflows.

Read more at Yahoo Finance: 3 Reasons Bitcoin Price Failed to Cross $120K Despite Ethereum All-Time High Rally